Most
Asian stocks rose, paring a weekly decline on the regional index, after
a drop in American jobless claims bolstered optimism in the worlds
largest economy before a government report on employment.
More
than three shares climbed for each that retreated on the MSCI Asia
Pacific Index, which gained 0.1 percent to 140.18 as of 9:03 a.m. in
Tokyo, before markets opened in Hong Kong and China. The measure is
headed for a 1.2 percent decline this week. The European Central Bank
vowed yesterday to increase stimulus efforts if needed, less than one
week after the Bank of Japan decided to bolster already-unprecedented
easing. The yen held at 115.21 per dollar after falling 0.5 percent
yesterday.
The
number of Americans filing jobless claims for the first time dropped to
a three-week low of 278,000 in the week to Nov. 1, below the 285,000
median forecast of 50 economists surveyed by Bloomberg. Todays data may
show nonfarm payrolls rose by 235,000 last month, after climbing 248,000
in September, according to the median of 100 estimates compiled by
Bloomberg. The jobless rate probably held at a six-year low of 5.9
percent in October.
Japans
Topix index gained 0.7 percent. Australias S&P/ASX 200 Index rose
0.5 percent and New Zealands NZX 50 Index advanced 0.3 percent. South
Koreas Kospi index slid 0.1 percent.
Source: Bloomberg
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